Black Cat Syndicate Hits Big Gold at Fingals Fortune and gets Myhree Go-Ahead

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) continued its golden run with the announcement of recent activity at the company’s Kal East gold project in Western Australia.

Part A of the announcement was results of recent RC drilling undertaken at the Fingals Fortune deposit within the project.

Black Cat has drilled 96 infill RC holes at Fingals Fortune to date in 2021, designed to upgrade the Resource in areas of lower drill density.

Results from the first 60 holes encountered multiple high-grade zones within the Resource and at depth. The deposit remains open in all directions.

Results include:

21FIRC041
4 metres at 34.05 grams per tonne gold from 122m. The hole ended in mineralisation and is to be extended as a priority;

21FIRC048
12m at 2.99g/t gold from 61m; and

21FIRC071
3m at 8.7g/t gold from 106m.

Black Cat has interpreted the results to show strong potential for underground mining following a two-stage open pit and will be incorporated into a Resource upgrade to be released in April 2021.

Black Cat’s drilling program is progressing with approximately 62,000m drilled since July 2020.

Further to the Fingals Fortune drilling, an RC rig recently completed an exploration and extension program at the Majestic Mining Centre and is now targeting a line of historical shafts that extend for around 750m to the south of Fingals Fortune.

Black Cat also received full approval from the Department of Mines, Industry Regulation and Safety in respect of the initial planned open pits at Kal East, being Myhree Stages 1 and 2.

No further approvals are required to commence mining this deposit.

“Fingals Fortune has the potential to be a significant two stage open pit with satellite pits at Fingals East and underground mining at depth,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“Additional drilling targeting high-grade extensions will be ongoing in order to grow Resources and to further increase potential mine life.

“With the recent acquisition of grinding mills and good progress in sourcing other key components of a processing facility, we are well placed to transform into a near-term producer.

“This has been reinforced by approval of the planned Myhree open pit.

“Ongoing drilling will focus on Resource and mine life extensions.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au